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Every great tech company is a marketplace. Uber is a marketplace. Airbnb is a marketplace. My job is to find the next one.
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OLX proved that classified ads — the most boring business model in the world — can serve 300 million people if you build it right.
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I ran eBay’s marketplace. I ran OpenTable’s marketplace. So when I saw Airbnb, I recognized the pattern immediately.
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Airbnb’s genius was turning millions of spare bedrooms into hotel rooms. The supply was already there. They just unlocked it.
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The hardest part of any marketplace is getting to critical mass. After that, the network effects do the work for you.